Junior Depositary Officer

Job title:

Junior Depositary Officer

Company:

Vistra

Job description

It’s never been a more exciting time to join Vistra.At Vistra our purpose is progress. We believe that our clients have the power to change the world and to do great things for global progress, and we exist to remove the friction that comes from the complexity of global business – to help our clients achieve progress without friction. But progress only happens when people come together and take action. And we’re absolutely committed to building a culture where our people can do just that.We have an exciting opportunity for you to join our team as Junior Depositary Officer. Reporting to the Director Depository Services, this full-time and permanent position is based in the Netherlands and offers regional coverage, allowing you to make a significant impact to our Operations and its’ growth.ScopeAs a Junior Depositary Officer your clients will be the top Private Equity houses from the Netherlands and globally whenever they manage a Dutch Fund and meet the AIFMD thresholds. Depositary has three main tasks flowing from the AIFMD: (1) Cash flow Monitoring of all bank accounts for the Fund, (2) Safekeeping duties: ownership verification / record keeping of the assets of the Fund, and (3) Oversight Duties.You will be working in a team of 10 colleagues with legal and financial backgrounds who are highly dedicated and regulatory orientated professionals.Key responsibilities:

• Cash flow monitoring: review and reconcile cash-flows related to investments, capital calls / distributions, management fees and other fund expenses;
• Ownership verification: Verify ownership of the assets of the funds with supporting legal documentation and maintain an up-to date asset register;
• Oversight: understand and review the investment restrictions and borrowing limits of the fund. Review quarterly reports and reconcile valuation methodologies applied, waterfalls and other key metrics;
• Identify investments and divestments and review all related deal documentation such as share purchase agreements, deeds of transfer / issuance of shares, loan agreements, notary letters, and share registers;
• Assist with the on-boarding and intake processes for new prospects and compliance reviews for existing clients;
• Assist clients and their banks with the bank account SWIFT connection to Vistra’s systems;
• Correspondence with clients, fund administrators and maintaining good relationships with all parties involved;
• Interact with other Vistra teams, and the legal, compliance and finance departments.

Key Requirements

• Excellent command of English (and/or in Dutch) language, verbal and written;
• 0-3 years’ work experience in finance/audit;
• Work experience with Alternative Investment Funds (Private Equity) and/or M&A is a plus, affinity is a must;
• Completed BSc. or MSc. degree in Accountancy, Business Administration or equivalent.

Company BenefitsAt Vistra Netherlands, we offer a challenging position in an ambitious organization where no day is the same. A company with a view to the future where you can grow together with and, above all, put your own stamp on. In addition, we offer:

• Market related remuneration and benefits (e.g., allowance to travel to work);
• 8% holiday allowance & 26 days off per year plus 1 flexible public holiday. The option to buy (max. 5) vacation days;
• Collective pension scheme, non-contributory, option to voluntary save extra with a maximum of 5,4%;
• Vistra Bonus Plan, based on Vistra Group performance and individual performance;
• Learning and training, i.e., via our digital learning environment ‘Vistra Skills Platform’;
• Work laptop;
• The possibility to work partially from home and a fee to set up your home office.

We care about you, so we offer:

• Our Well-being program (Open Up);
• Employee discounts via Benefits at Work;
• Bike riding via the bike scheme;
• Free coffee, tea, soft drinks and fresh fruits in our office.

If you are excited about working with us, we encourage you to apply or have a confidential chat with one of our Talent Acquisition team members. Our goal is to make this a great place to work where all our people can thrive. We hope you join us on this exciting journey!Location:NL

Expected salary

Location

Nederland

Job date

Fri, 02 Aug 2024 02:23:47 GMT

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